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Global food prices hit record high in March 2022

 Last Update: 2022-05-16
 Source: Internet
 Author: User

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Côte d’Ivoire SIKA Finance website reported on April 11, 2022 that, as the main factor triggering global inflation, global food prices continued to rise due to international market supply, especially in the context of the Russian-Ukrainian war.
In March 2022, the Food and Agriculture Organization of the United Nations (FAO ) The price index rose to 159.
3 points, a record high since the index was established in 1990
.

Global food prices rose by 33.
64% year-on-year in the month, mainly due to the increase in vegetable oil and grain prices, which rose by 50.
06% and 37.
29% respectively
.
Among them, vegetable oils mainly include sunflower oil, palm oil, soybean oil and rapeseed oil, and grains mainly include wheat, corn, barley and sorghum
.
In addition, the price of dairy products rose 23.
57% in the month, sugar rose 22.
56%, and meat rose 19.
05%
.
Among them, the reason for the increase in the price of sugar is that the international crude oil price has risen sharply, and the currency of Brazil, the main producer, has appreciated against the US dollar
.

Food Prices Food and Agriculture Organization of the United Nations

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